Press release
China
January 23, 2025

Evonik and Fuhua establish hydrogen peroxide joint venture for specialty applications in China  

  • “Evonik Fuhua New Materials” will provide specialty H2O2 grades in Leshan
  • Goal to address high market demand for applications in, e.g., solar panels, semiconductors, and food packaging
  • Joint venture to begin supplying market in 2026

Leshan, China. Evonik and Fuhua Tongda Chemicals Company (Fuhua) have established a joint venture in Leshan, Sichuan Province, to produce and market hydrogen peroxide (H2O2) in China. The new company, “Evonik Fuhua New Materials (Sichuan) Co., Ltd.,” has Evonik as a 51% shareholder with the other 49% held by Fuhua. Supplied by Fuhua’s industrial-grade H2O2, the joint venture will produce specialty-grade hydrogen peroxide for applications such as solar panels, semiconductors, and food packaging. The first production volumes are expected to enter the market in the first half of 2026.

The collaboration aims to combine Evonik’s global technology and strong market position in H2O2 with Fuhua’s access to local infrastructure and networks in China. The new company follows on a license agreement signed by the partners in November 2023, wherein Evonik licensed its industrial-grade H2O2 technology to Fuhua to begin construction on a 200 kiloton hydrogen peroxide megaplant in 2024. This plant will supply the new joint venture with H2O2 for further purification.

“This next step in our successful partnership with Fuhua is of great importance to our strategy in the Asia Pacific region,” said Lauren Kjeldsen, head of Evonik’s Smart Materials division. “Our Active Oxygens business line aims to provide specialty solutions for some of the most important challenges facing a growing population, such as green energy and electronics. In Fuhua, we have found a partner with whom we can join forces to pursue these goals. Congratulations to the team on this milestone.”

Fuhua Chairman Zhang Hua said, “Evonik is an important partner for us, and this joint venture marks a new level in our cooperation. We look forward to combining Fuhua’s own advantages in resources and circularity with Evonik’s advanced technology and experience to jointly bring competitive products to the market.”

Specialty hydrogen peroxide grades can be used in a wide variety of future-facing applications. For example, hydrogen peroxide is a crucial ingredient in the production of photovoltaic cells for solar energy. It is used as a bleaching, disinfection, and oxidizing agent in cosmetics and pharmaceuticals. Or it can act as a sterilant in aseptic packaging in order to extend the shelf-life of food and beverages. And because hydrogen peroxide breaks down into only water and oxygen, it leaves minimal residues as compared with some chemical alternatives.

 

For more information on Evonik’s Active Oxygens business line, please visit: evonik.com/activeoxygens

关于赢创活性氧化物业务线的更多信息,请访问:evonik.com/activeoxygens

Company information

Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15.3 billion and an operating profit (adjusted EBITDA) of €1.66 billion in 2023. Evonik goes far beyond chemistry to create innovative, profitable, and sustainable solutions for customers. More than 32,000 employees work together for a common purpose: We want to improve life today and tomorrow.

Disclaimer

In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.